|
Gerry Brissenden CSA Treasurer |
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Financial Report
CANADIAN SNOWBIRD ASSOCIATION INC. Combined Balance Sheet October 31, 2001 (Expressed in Canadian Dollars) |
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| 2001 | 2000 | |||
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ASSETS
Current assets |
Operating
Fund |
Special
Action Fund |
Total
|
Total
|
| Cash | $ 622,204 | 186,571 | $ 808,775 | $ 723,411 |
| Short-term investments | - | 481,627 | 481,627 | 462,113 |
| Accounts receivable | 86,305 | 2,533 | 88,838 | 83,764 |
| Inventory | 7,271 | - | 7,271 | 4,254 |
| Prepaid expenses | 4,610 | - | 4,610 | 2,893 |
| 720,390 | 670,731 | 1,391,121 | 1,276,435 | |
| Office equipment (note 3) | 16,240 | - | 16,240 | 25,143 |
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Trade name (note 4)
|
1,590 | - | 1,590 | 2,953 |
| $ 738,220 | 670,731 | $ 1,408,951 | $ 1,304531 | |
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CURRENT LIABILITIES
Current liabilities |
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Accounts payable
|
$ 50,004 | 44,500 | $ 94,504 | $ 75,363 |
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Board election reserve
|
30,000 | - | 30,000 | 25,000 |
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Deferred membership fees (note 2)
|
258,216 | - | 258,216 | 228,530 |
| 338,220 | 44,500 | 382,720 | 328,893 | |
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NET ASSETS
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Invested in office equipment
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16,240 | - | 16,240 | 25,143 |
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Unrestricted - Operating Fund
|
383,760 | - | 383,760 | 371,461 |
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Restricted - Special Action Fund
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- | 626,231 | 626,231 | 579,034 |
| 400,000 | 626,231 | 1,026,231 | 975,638 | |
| $ 738,220 | 670,731 | $ 1,408,951 | $ 1,304,531 | |